Twitter (TWTR) Announces Proposed Settlement of Consolidated Class Action Lawsuit

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Go back to Twitter (TWTR) Announces Proposed Settlement of Consolidated Class Action Lawsuit

Twitter to Pay Over $800 Million to Settle 2016 Lawsuit

September 20, 2021 10:31 AM EDT

Twitter (NASDAQ: TWTR) announced today it would seek to close a class action lawsuit from 2016 for $809.5 million, the company said in a press release.

The lawsuit alleged that TWTR misled investors about the number of daily and monthly users active on the platform.... More